Halifax August +2.7% MoM +9.0% YoY

HAMISH_MCTAVISH

“The shortage of secondhand properties for sale on the market is resulting in upward pressure on house prices,” said Martin Ellis, Halifax housing economist.

“At the same time, economic recovery, real earnings growth and very low mortgage rates are supporting housing demand.”

http://www.theguardian.com/money/2015/sep/10/uk-house-prices-for-august-though-the-roof-halifax

cells

If we get 10% hpi above inflation for the next 25 years just the London social stock will be worth around 3.25 trillions pounds ...... enough to buy 90% of the homes in Germany

Mistermeaner

cells wrote: »

If we get 10% hpi above inflation for the next 25 years just the London social stock will be worth around 3.25 trillions pounds ...... enough to buy 90% of the homes in Germany

Invasion via house price inflation?

michaels

cells wrote: »

If we get 10% hpi above inflation for the next 25 years just the London social stock will be worth around 3.25 trillions pounds ...... enough to buy 90% of the homes in Germany

Don't worry, by then we will have sold all London houses to Germans and be renting them back having used the money to buy Mercs, BMers and iPhones.

michaels

More seriously how long can Halifax and Nationwide continue to diverge by so much with the official metrics somewhere in the middle?

westv

michaels wrote: »

More seriously how long can Halifax and Nationwide continue to diverge by so much with the official metrics somewhere in the middle?

Doesn't the info they use all differ so they will hardly ever agree?

Landofwood

Aren't noisy figures just months?

Graham_Devon

At an average price of £204,674 (rising £5,375 in a month - thank goodness we are told wage inflation is keeping up) isn't that the highest the Halifax has ever been?

Were also extremely close to the peak earnings to house price ratio.

Another interesting stat in that is that it's now £56 cheaper per month to buy a 3 bed house than rent one. I'm not sure if that includes all buying costs? Either way though - it suggests BTL yields are going to be getting severely squeezed for anyone buying now?

cells

Graham_Devon wrote: »

BTL yields are going to be getting severely squeezed for anyone buying now?

yields on everything are low

Property 5-6% gross (net is lower)
Prime property 3-4%
FTSE is about 3%
Gov Bonds <2%
Deposit accounts 1%

wotsthat

Graham_Devon wrote: »

Another interesting stat in that is that it's now £56 cheaper per month to buy a 3 bed house than rent one. I'm not sure if that includes all buying costs? Either way though - it suggests BTL yields are going to be getting severely squeezed for anyone buying now?

Whenever I watch Homes under the Hammer the auction winners are as interested in beating cash in the bank as much as anything else. They appear not to realise (or care) that risks might be higher.

Not that a random figure of £56 means much without the context of how it's calculated or changed over time.

Thrugelmir

Graham_Devon wrote: »

Another interesting stat in that is that it's now £56 cheaper per month to buy a 3 bed house than rent one.

Who pays for the maintenance etc etc etc?

Your comments reflect the lack of financial acumen that exists today. People without doubt are dumber with money than a generation ago. Truly concerning.